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Dec 5, 2012
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some rate changes, some base broadening, but let's see what the traffic will bear, but the political environment, the culture on the hill will accommodate. >> dave camp and sander levin cut a deal? >> begin the process and try to confer. if there is a new revenue source, carbon tax, some sort of consumption tax, it will emerge out of their common frustration that they cannot get where they need to go. what we need to do is do not micromanage, don't be prescriptive. give them a number, a ratio of expenditure reductions to tax reform, revenue enhancements, and if that task falls to the -- and give them that task this fall to the committee and over the next six or nine months, task them to meet those numbers. i think the capability is there to do it. it may not be rostenkowski and packwood, but if there is a will, they will get the job done. >> i do not think it is credible to kick the can down the road that far at this point. i think the reaction in the real economy would be devastating. you have to imagine what you are suggesting, vic, which is a good suggestion in the context of doing something
some rate changes, some base broadening, but let's see what the traffic will bear, but the political environment, the culture on the hill will accommodate. >> dave camp and sander levin cut a deal? >> begin the process and try to confer. if there is a new revenue source, carbon tax, some sort of consumption tax, it will emerge out of their common frustration that they cannot get where they need to go. what we need to do is do not micromanage, don't be prescriptive. give them a...
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Dec 7, 2012
12/12
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texas in just a few minutes but steve, if i could start with you, talk to us about the entrepreneurial environment right now in america. we hear two things. one, we hear that when the economy is not doing all that well, it's the best time ever to try and start something new. and then on the other hand, we hear that a lot of what's going on in america is keeping entrepreneurs from starting those new ventures. >> well, some of that is true. start-ups are down in the last five years. about 23%. but it is worth remembering that we started as a start-up. this company was a start-up in the last couple years, the reason we're the leading economy is because of the entrepreneurs building start-ups that have really powered our economy. we really need to as a nation double down on entrepreneurship. some of that is what needs to happen in washington, the jobs act that passed six months ago, the broad bipartisan support dealt with crowd funding and on-ramp for ipos. start-up app 2.0 introduces with bipartisan support. there's a role for washington but there's also a role for the private sector particularly ent
texas in just a few minutes but steve, if i could start with you, talk to us about the entrepreneurial environment right now in america. we hear two things. one, we hear that when the economy is not doing all that well, it's the best time ever to try and start something new. and then on the other hand, we hear that a lot of what's going on in america is keeping entrepreneurs from starting those new ventures. >> well, some of that is true. start-ups are down in the last five years. about...
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Dec 12, 2012
12/12
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her promise was to create the best business environment possible, create more and better jobs, and to make government smaller, smarter, and more efficient. we did things like that, agency consolidation, it consolidation, some of those common sense approaches that you would do more often that we do not see. those are things that are saving us millions of dollars. our it consolidations are estimated to save $100 million over the course of the term and potentially next term. we also, in the same situation, have $2 in our rainy day fund. it is really thinking about how we do things smarter, more efficiently, and using the technology and resources we have to make things more efficient and cost-effective for government. we reduced by $5 billion by passing a law that says we could not pass what was not funded. ours was not challenged in court, fortunately. we are looking at more pension reform. we have seven pension systems in the state. they are operated by different pension boards that have different rules, different structures, looking at the potential of having them under one board that
her promise was to create the best business environment possible, create more and better jobs, and to make government smaller, smarter, and more efficient. we did things like that, agency consolidation, it consolidation, some of those common sense approaches that you would do more often that we do not see. those are things that are saving us millions of dollars. our it consolidations are estimated to save $100 million over the course of the term and potentially next term. we also, in the same...
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Dec 11, 2012
12/12
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a challenging environment and a challenging competitive environment. even the dollars stores in a tough competitive environment. >> dollar stores say their margins could be hit in 2013, a story to watch out for. bob pisani, thanks so much. back to you. >> we've gotten the word electric washington, now the street. chief global strategist and senior portfolio manager at huntington asset managers. i came down here fairly optimistic, seemed to believe something would get done. we've spoken to three or four congressmen, especially in the house, they are far apart. lee terry from nebraska said, guess what, my constituents have no interest in giving in to a tax hike. >> clearly what you're hearing is sort of where we've been for some time now, a portion of the house elected in uncompetitive districts see really no reason to compromise with the other side and leave aside the philosophical differences for the two. how these two come together in the next couple of weeks is really something that remains to be seen. we know taxes are going up. the question is by h
a challenging environment and a challenging competitive environment. even the dollars stores in a tough competitive environment. >> dollar stores say their margins could be hit in 2013, a story to watch out for. bob pisani, thanks so much. back to you. >> we've gotten the word electric washington, now the street. chief global strategist and senior portfolio manager at huntington asset managers. i came down here fairly optimistic, seemed to believe something would get done. we've...
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Dec 13, 2012
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i'm expecting a zero rate environment for long time. liz: what about the fiscal cliff and if it affected me go over, are you changing investments in that regard? >> no, we are not changing that as well because it is baked in for a large extent. even if it does go over, really don't think it is a big deal. liz: we love you, but why are you saying it is baked in when we were up, john boehner comes out and speaks and we fall. look at an intraday of any one of the major indices and that is exactly what we see. they punch of green at the open and we were fine until he started talking with the fact we may not get a deal, there is a big impasse. >> little at the beginning i really think what is overshadowing this is the fed is saying they will stay in the game until we have a much lower unemployment rate telling me they're expecting a recession, which we're expecting anyway if we go over the cliff.% liz: where are you putting your clients money right now? the last time you were here, you are staying away from the overseas market. do you still
i'm expecting a zero rate environment for long time. liz: what about the fiscal cliff and if it affected me go over, are you changing investments in that regard? >> no, we are not changing that as well because it is baked in for a large extent. even if it does go over, really don't think it is a big deal. liz: we love you, but why are you saying it is baked in when we were up, john boehner comes out and speaks and we fall. look at an intraday of any one of the major indices and that is...
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Dec 7, 2012
12/12
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we are moving from that manual labor, low-skill jobs environment, to one in which he will have to have more education and skills. that is the reality of globalization, and i do not think you will have to avoid that. where to put more attention to and on getting people the skills -- we have to put more attention and getting people the skills. we will never have thousands of people sitting at sewing machines making t-shirts. host: another area where your groups seemed to disagree is whether the unemployment insurance creates a disincentive to look for work. mr. josh bivens, we start with you on this subject. caller: the two -- guest: the two previous callers identified the root problem -- there are not enough jobs. the ratio is still over three- to-one. if we could wave a magic wand, we would still have a large majority of unemployed workers looking for jobs. that is not a problem of skills. it is not a problem of employers dying to hire, but there are not the people out there. we just do not have the demand for services in the economy. that is like cutting off this source of demand woul
we are moving from that manual labor, low-skill jobs environment, to one in which he will have to have more education and skills. that is the reality of globalization, and i do not think you will have to avoid that. where to put more attention to and on getting people the skills -- we have to put more attention and getting people the skills. we will never have thousands of people sitting at sewing machines making t-shirts. host: another area where your groups seemed to disagree is whether the...
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Dec 11, 2012
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earnings beating estimates, but the outlook below estimates, and they are cautious about the competitive environment occupant there now. best buy, one stock that took a hit over the course of the year, and finishes up by showing you, retailers moving into the downside and upside in today's session. one other stock, petsmart, interesting story here. they became one of the latest companies to accelerate their 2013 quarterly dividend payment into 2012 to avoid taxes, liz, so it's the retailers doing that as well. >> i see on the bottom, gap moving higher after being hammered a couple days, too. it's a nice one year chart nonetheless. thank you, sandra, very much. let's review. the dow jones industrial at one point up 136 # points, john boehner, speaker of the house saying, you know what? there's going to be a deal by the end of the year, and reid, this afternoon, the senate leader said, no, i don't think we're going to present any spending cuts to the g.o.p.. as you see now, we cut gains there, but up 77 points. we talked about the bull and bear costume. steve betting on a bull market in 2013, but bear
earnings beating estimates, but the outlook below estimates, and they are cautious about the competitive environment occupant there now. best buy, one stock that took a hit over the course of the year, and finishes up by showing you, retailers moving into the downside and upside in today's session. one other stock, petsmart, interesting story here. they became one of the latest companies to accelerate their 2013 quarterly dividend payment into 2012 to avoid taxes, liz, so it's the retailers...
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so that we can create an environment for businesses to create jobs. gerri: long-term talks about this. a long way to go. i wish would come he would come back and maybe we will have a conversation. i really appreciate your coming on the show, thank you so much and i think you for having me. gerri: now we want to know what you think. banda gerriwillis.com, vote on the right-hand side of the screen. we have lots more in the show. twenty-six days until we fall off the fiscal cliff. is that what democrats want us to do? pictures seem so. we go live to capitol hill in 10 minutes. while congress talked about wanting to cut excess spending, the numbers may tell a different story. i will break it down coming up next. ally bank. why they have a raise your rate cd tonight our guest, thomas sargent. nobel laureate in econocs, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise ur rate cd. ally bank. your money needs an ally. gerri: where
so that we can create an environment for businesses to create jobs. gerri: long-term talks about this. a long way to go. i wish would come he would come back and maybe we will have a conversation. i really appreciate your coming on the show, thank you so much and i think you for having me. gerri: now we want to know what you think. banda gerriwillis.com, vote on the right-hand side of the screen. we have lots more in the show. twenty-six days until we fall off the fiscal cliff. is that what...
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Dec 9, 2012
12/12
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voluntarily phased out in 2004 after the epa expressed concern that they were toxic to both humans and the environment. and a toxic ban from children's sleep wear in the 1970s. an environmental advocacy group found the tests it commissioned found high levels of tris in 16 upholstered products. but the midwesteamerican chemis counsel say that it provides time -- a furniture trade group says it's not aware of any evidence including in the sofa study linking the retard ands in furniture as a home health problem. additional research is needed for the sole purpose of meeting california's strict standards. the treadway's say for them, finding this ecofriendly douch was worth it. >>> we're back in a moment with a santa sighting tonight, half a world away. has gotta be just ri. perfect golden color. rich in fiber. my dad taught me, and i taught my son out there. morning, pa. wait... who's driving the...? ♪ 99 bushels of wheat on the farm, 99 bushels of wheat ♪ [ male announcer ] yep, there's 8 layers of whole grain fiber in those mini-wheats® biscuits... to help keep you full... ♪ 45 bushels of wheat .
voluntarily phased out in 2004 after the epa expressed concern that they were toxic to both humans and the environment. and a toxic ban from children's sleep wear in the 1970s. an environmental advocacy group found the tests it commissioned found high levels of tris in 16 upholstered products. but the midwesteamerican chemis counsel say that it provides time -- a furniture trade group says it's not aware of any evidence including in the sofa study linking the retard ands in furniture as a home...
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Dec 11, 2012
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it wasn't doing what was right for the environment or pub lip education. i'm a public school kid. my dad was on the school board. i have three sisters, two of them public schoolteachers here in florida. i have a heart for that kind of thing. people have told me for a long time, chris, charlie, you've been a democrat. you just didn't know it. >> well, i think they should. if they were reich me and sort of middle of the road and common sense republicans and they see what the leadership of the republican party is doing today, they ought to switch. they ought to become democrats. it's probably more true to their heart and their feeling if they're really more of a moderate-type republican. why won't they compromise? why won't they cooperate? why won't they do the kinds of things that the americans need and have done. this is the perfect example of it. >> i'm an optimist. i hope that that continues. >> well, come see me if you decide to run for governor. we ale have a nice platform right here. thank you so much. up next, the latest siting of milt romney in a place you'd never expect. ne
it wasn't doing what was right for the environment or pub lip education. i'm a public school kid. my dad was on the school board. i have three sisters, two of them public schoolteachers here in florida. i have a heart for that kind of thing. people have told me for a long time, chris, charlie, you've been a democrat. you just didn't know it. >> well, i think they should. if they were reich me and sort of middle of the road and common sense republicans and they see what the leadership of...
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Dec 5, 2012
12/12
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. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the eurozone itself, we seem to be mending the problems progressively and taking out the tail risks, which i think is good and that is the bottom line that investors should take going further forward, but at the same time, there are some elements that you can have. if you do a forecast, in a way you could come up with something like 1% quotes for next year, but at the same time, you have to be conscious that we've had such a battery of downside impact, downside negative news coming through really for all economists in the western world in the last few years. you have to be very cognizant of those. >> i think so.
. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the...
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Dec 11, 2012
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and we show up, and it's again sort of in a formal environment, everybody is like assigned seating in their place, and then they start the activities for the night which included these very structured formal chugging contests in front of the entire company. you would draw a name out of the hat of somebody in your department who had to go to the front of the room and do a chug off of a beer against somebody else from another department for money, for your budget, for your department. >> that is so inappropriate. >> i think that's after tonight how we're going to be divvying up time on this show. we're going to have some kind of chug contest -- >> i suggested it. i'm pregnant so i can't participate but -- >> she's a veteran it sounds like. she's had to fight for budget with her drinking. >> but i'm also pregnant so that's probably not going to work out. >> but also she's drinking for two. >> anyway. maybe if you're lucky we will post some of the pictures from said party tonight on facebook. we do have this photo up there now. it's the recently released president obama on the phone with
and we show up, and it's again sort of in a formal environment, everybody is like assigned seating in their place, and then they start the activities for the night which included these very structured formal chugging contests in front of the entire company. you would draw a name out of the hat of somebody in your department who had to go to the front of the room and do a chug off of a beer against somebody else from another department for money, for your budget, for your department. >>...
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Dec 10, 2012
12/12
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i think it has to come to the top of the agenda because we are changing our environment. liz: look at hurricane sandy with his bizarre storm surge, a snowstorm here in october and nothing all winter. how does that affect my portfolio? >> i think if you look carefully, we can see firms you think might do well in a world which has more climate distress. and firms that won't. firms, they actually look like they are overpriced. it was expensive. that means people are actually investing in these kinds of industries and that means investing population is worried about it. liz: look at vail resorts but they hit because there is no snow and skiing companies. we cannot roll the something that we don't know, but it is a concern. let's get the number one. something we were talking a lot about and stopped because the fiscal cliff insanity. that is. >> europe. europe has the potential to unravel this is not a decade-long agenda, this is actually within a year maybe, i don't know. it has the possibility of breaking apart, having a severe recession that will impact the u.s. economy and
i think it has to come to the top of the agenda because we are changing our environment. liz: look at hurricane sandy with his bizarre storm surge, a snowstorm here in october and nothing all winter. how does that affect my portfolio? >> i think if you look carefully, we can see firms you think might do well in a world which has more climate distress. and firms that won't. firms, they actually look like they are overpriced. it was expensive. that means people are actually investing in...
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Dec 11, 2012
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that one must have for what it would be like to change environments like this to be out there in space and be on the moon. you wouldn't want to have somebody freak out, ed, on a trip like this. it wouldn't work out very well. >> no. you would definitely have to have your act together between your ears to do something like this. >> yes. >> there is no question about it. and that's after spending all the money. is this safe? do you anticipate this would be a safe procedure? >> yes, i do anticipate that it would be a safe procedure. after all, any of these new ventures that are coming up are required by law to be able to meet the same sort of stringent safety regulations that nasa has to meet for any of its missions. and the difference here is that nasa has spent a lot of time and money and effort to be able to iron out all of those difficulties. and the new entities that are coming on are taking advantage of the work that is being done. >> ultimate goal here. what is it? >> the ultimate goal is to get us back in space. you know, humans are meant to explore. it's just part of our human na
that one must have for what it would be like to change environments like this to be out there in space and be on the moon. you wouldn't want to have somebody freak out, ed, on a trip like this. it wouldn't work out very well. >> no. you would definitely have to have your act together between your ears to do something like this. >> yes. >> there is no question about it. and that's after spending all the money. is this safe? do you anticipate this would be a safe procedure?...
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Dec 13, 2012
12/12
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CNBC
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well, listen, i think the housing environment is going to sit nicely next year and that's going to be terrific for bank of america and all the loans these guys are holding. but another game that we should also focus on is rimm. this is a totally back from the brink story. down at the lows at 6, trading at $13.86 today. the blackberry 10 is beta testing very well. it's a stable operating system and there are ger ya tricks out there like us that will always have a -- >> you do have an iphone next to us. >> i have the iphone as a backup but -- >> backup? >> i'm going to be on this thing as long as it works and i think it's going to. this could be a $20 stock. it's trading at tangible book and they survived it. you'll see the shorts coming out of this thing into the fir quarter next year. >> mike, it looks like you are taking a pagerobaron's? >> yeah, taking a look at western digital. i think the bear case in a lot of these storage names is pretty well understood. the desk top area is obviously extremely weak. consumer electronics don't rey lie on disc storage. they are relying on flash.
well, listen, i think the housing environment is going to sit nicely next year and that's going to be terrific for bank of america and all the loans these guys are holding. but another game that we should also focus on is rimm. this is a totally back from the brink story. down at the lows at 6, trading at $13.86 today. the blackberry 10 is beta testing very well. it's a stable operating system and there are ger ya tricks out there like us that will always have a -- >> you do have an...
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so that we can create an environment for businesses to create jobs. gerri: long-term talks about this. a long way to go. i wish would come he would come back and maybe we will have a conversation. i really appreciate yo coming on the show,hank you so much and i think you for having me. gerri: now we want to know what you think. banda gerriwillis.com, vote on the right-nd side of the screen. we have lots more in the show. twenty-six days until we fall off the fiscal cliff. is that what democrats want us to do? pictures seem so. we go live to capitol hill in 10 minutes. while ngress talked about wanting to cut excess spending, the nbers may tell a different story. i will break it down coming up next. you stl think you're colder than me? nah. don tell me. tell tiny! [ ice crackling ] [ knuckles cracking ] and who are you supposed to be, back-up? handle it. what you looking at? ha! cat-like reflexes... whoa! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the coldest. don't you do it. don't you do it! [ male
so that we can create an environment for businesses to create jobs. gerri: long-term talks about this. a long way to go. i wish would come he would come back and maybe we will have a conversation. i really appreciate yo coming on the show,hank you so much and i think you for having me. gerri: now we want to know what you think. banda gerriwillis.com, vote on the right-nd side of the screen. we have lots more in the show. twenty-six days until we fall off the fiscal cliff. is that what democrats...
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Dec 13, 2012
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. >> it was a natural response to the environment but the thing that's more nostalgic to me is the last step. because i started up the ladder and i looked down at my final footprint, and i knew i wasn't going back. i started up the ladder and i was looking for that proverbial freeze button because i wanted to keep this moment going. when i left the surface of the moon, i almost felt as if -- my arm was long enough, i could reach out and tuck it under my space suit and bring it home and say look at it. when you look at the earth hanging on the wall in a picture, the picture we took of the earth, you don't see what i saw. >> that's beautiful. >> we had to leave, it was time to leave. i asked myself what did it mean to us, to humankind this we have now left this planet and called another planet our home. not just my steps and my three days but what did it mean that we did this? what does it mean to future generations, what does it mean 50 or 100 years from now? i can only imagine people dreamed of the stars and going there some day. we did. >> hipty hoppe and over the hill. >> flat broke,
. >> it was a natural response to the environment but the thing that's more nostalgic to me is the last step. because i started up the ladder and i looked down at my final footprint, and i knew i wasn't going back. i started up the ladder and i was looking for that proverbial freeze button because i wanted to keep this moment going. when i left the surface of the moon, i almost felt as if -- my arm was long enough, i could reach out and tuck it under my space suit and bring it home and...
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Dec 11, 2012
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they a different labor environment there. the workers at the saturn plan are members of the united autoworkers. but it is a right-to-work statement and over the last 30 years there are probably a dozen large assembly plants in the southeastern part of the united states sms there are about 1,000 suppliers in our state. what has been the effect of the arrival of the art owe industry in tennessee? it attracted, aamong other things, by our right-to-work law? one-third of our manufacturing jobs are auto jobs and what's been the effect on the united states? it's kept in the united states a competitive environment for those who want to sell cars in the united states, can make them in the united states. and if we hadn't had that competitive environment, most of those cars would be made in mexico or some other place around the world. you don't believe me, read david halverstam's work, a book called "the reckoning" about the american auto industry. the big three carmakers, united autoworkers, had enjoyed setting wages, prices, got nonc
they a different labor environment there. the workers at the saturn plan are members of the united autoworkers. but it is a right-to-work statement and over the last 30 years there are probably a dozen large assembly plants in the southeastern part of the united states sms there are about 1,000 suppliers in our state. what has been the effect of the arrival of the art owe industry in tennessee? it attracted, aamong other things, by our right-to-work law? one-third of our manufacturing jobs are...
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Dec 7, 2012
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and shouldn't that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the actuarial review was done, not today, but at a point with economic projections that are primarily in july over the summer. so it is accurate but interest rates have dropped further than where built into the primary, actuarial view. there are two offsetting factors to that. one is that home prices have performed better than were used in the actuarial. based on what we know today, even for this year, the actuarial would be significantly better to perform today, just on that one variable. the second point is that the actuarial review is a point in time that assumes that we do no further fha business. one of the things that is artificial about it if i could use that term, is when interest rates go to work, it assumes people pay out faster. that is accurate. what it doesn't take into account is typically half of those folks refinancing to an fha loan. the submitted nature of the actuarial, taking a snapshot in time, assuming
and shouldn't that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the actuarial review was done, not today, but at a point with economic projections that are primarily in july over the summer. so it is accurate but interest rates have dropped further than where built into the primary, actuarial view. there are two offsetting factors to that. one is that home prices have performed better than were used in the actuarial. based on what...
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Dec 13, 2012
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they wanted the environment to be able to get the people they wanted. those were the issues that mattered. if you look at the date tax i'm not persuaded--i'm persuaded contrary to what the right to work advocates say that it does not increase jobs. >> what they do is increase wages which increases demand and the purchasing power of people who are purchasing products that they will manufacture. it is a backward strategy and a race to the bottom. if we want to compete with china by lower ourselves to the standards that they have that is just not the way that america is going to lead the world. it's not going to be the way that we feed our people. i read an article in salon that says that michigan has given up and it will become a service-own state. >> eliot: it's a shame to watch. one last question, there is much commentary, and rightly so, that these have been rammed through a lame duck legislature. would these bills have passed next year, what do you think would they have been able to do this? >> i think it would be a lot of tougher. there are a number
they wanted the environment to be able to get the people they wanted. those were the issues that mattered. if you look at the date tax i'm not persuaded--i'm persuaded contrary to what the right to work advocates say that it does not increase jobs. >> what they do is increase wages which increases demand and the purchasing power of people who are purchasing products that they will manufacture. it is a backward strategy and a race to the bottom. if we want to compete with china by lower...
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Dec 10, 2012
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in terms of shaping the environment to prevent war. in my view, america's fiscal picture increases the risk of conflict around the globe. maybe not always involving the u.s., but certainly the risk is increasing globally based on our fiscal picture. the fifth point i would want to make is that the budget deal requires us to deal with a full deck of cards. the people who keep wanting to put things off the table are not being rational in terms of addition and subtraction. when i say full deck of cards, that includes defense participating in deficit reduction. this cannot be in the case of defense a sledge hammer approach. it is going to take a long runway dealing with these issues over time. give the defense department time, and they can make very significant changes in the budget. but do it in a way that does not damage our security. doing it abruptly, as the fiscal cliff does, or doing it in a very compressed time frame is not only inefficient, it endangers security. my final point is that the missing element in this town is primarily
in terms of shaping the environment to prevent war. in my view, america's fiscal picture increases the risk of conflict around the globe. maybe not always involving the u.s., but certainly the risk is increasing globally based on our fiscal picture. the fifth point i would want to make is that the budget deal requires us to deal with a full deck of cards. the people who keep wanting to put things off the table are not being rational in terms of addition and subtraction. when i say full deck of...
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Dec 7, 2012
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few believe like humans dogs should keep the environment in mind when learning to drive. >> with the number of dog motorists at an
few believe like humans dogs should keep the environment in mind when learning to drive. >> with the number of dog motorists at an
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Dec 12, 2012
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>> we've seen republicans willing to strap the bomb to their chest and blow up the entire environment. we saw that in october of '08 when the markets caved and we needed the t.a.r.p. reform. we saw it in july of 2011. i think they realized they have no leverage in this case. so i think it's different. and i think the key thing here to the point about slow walking the caucus, it also goes to the idea that to the victor goes though spoils. it is only at the end of the day going to show him and the republicans to be weaker and to have less leverage which giving obama more leverage on two things to your question. one is the debt ceiling extension issue which is the point that the president has made. he's not going to allow the republicans to hold this economy hostage. and another round of debt ceiling negotiations. i think he has to hold firm on that. the other thing i think the president has to hold firm on is getting stimulus in this plan. to jared's point, republicans have been making all the arguments if you cut too much you're going to hurt the economy. that's what the democrats said
>> we've seen republicans willing to strap the bomb to their chest and blow up the entire environment. we saw that in october of '08 when the markets caved and we needed the t.a.r.p. reform. we saw it in july of 2011. i think they realized they have no leverage in this case. so i think it's different. and i think the key thing here to the point about slow walking the caucus, it also goes to the idea that to the victor goes though spoils. it is only at the end of the day going to show him...
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Dec 5, 2012
12/12
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CNNW
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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. i wish my patients could see what i see. ♪ that over time, having high cholesterol and any of these risk factors can put them at increased risk for plaque buildup in their arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alone aren't enough, i prescribe crestor. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. [ female announcer ] crestor is not right for everyone. like people with liver disease or women who are nursing, pregnant or may become pregnant. tell your doctor about other medicines you're taking. c
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. i wish my patients...
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> and you're looking at the annual lighting ceremony of the national minuora. thousands of people are lining up there for the big event. the minor is called the world's largest. the lighting ceremony began under president jimmy ca
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a"...
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Dec 9, 2012
12/12
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CSPAN
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applause] >> joining us this evening is the honorable sherman, under secretary for natural resources and environment at the u.s. department of agriculture. he has a holiday message to share with you as well. [applause] >> speaker boehner, senators udall and bennett, congressman tipton and distinguished guests, on behalf of the secretary, tom vilsack and our chief of the forest service, i would like to say a few words if i can. each year, the capitol christmas tree comes from the u.s. forest service, which is an agency within usda and eachier we -- each year we select that tree from a different forest. this tree is from a small town called meeker, colorado in the white river national forest in the high mountain areas of colorado. and it's a spruce tree and 73 feet tall and happens to be 74 years old. it's only the third time in colorado's history that colorado has provided the capitol christmas tree and i'm particularly proud of that since i'm a colorado resident. yay, colorado! [cheers and applause] >> we call this the people's tree for good reason and that's because it comes from our public lands,
applause] >> joining us this evening is the honorable sherman, under secretary for natural resources and environment at the u.s. department of agriculture. he has a holiday message to share with you as well. [applause] >> speaker boehner, senators udall and bennett, congressman tipton and distinguished guests, on behalf of the secretary, tom vilsack and our chief of the forest service, i would like to say a few words if i can. each year, the capitol christmas tree comes from the...
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Dec 13, 2012
12/12
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FBC
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like all businesses an industry you hhve to come prodate to changing environments. how do you lure customers through the door even without their skies? >> san drashgs short term and long term. without your skis you turn to bike paths. a lot of people like to go mountain biking. you turn to hiking. take people on beautiful alpine slopes when there is not slope. you may have to reduce rates to do it. at end of the day it is about sking, ski slopes. we need snow. snow is currency for these folks. at that's what we need. long term we have to go after the carbon pollution warming planet. we have to go after power plants. we have to invest in renewable and solar and wind efficiency. sandra: i don't want to dive too much into the climate change argument, what i want is to know the solution? you have to open the doors late. there are other extracurricular activities you can do, and ride bikes. you have to change as industry whole, if this is climate change causing this you have to adapt and change for the long term. saying hey, there is a bike trial i don't know if that wil
like all businesses an industry you hhve to come prodate to changing environments. how do you lure customers through the door even without their skies? >> san drashgs short term and long term. without your skis you turn to bike paths. a lot of people like to go mountain biking. you turn to hiking. take people on beautiful alpine slopes when there is not slope. you may have to reduce rates to do it. at end of the day it is about sking, ski slopes. we need snow. snow is currency for these...
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Dec 5, 2012
12/12
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CNNW
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doc
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming...
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Dec 10, 2012
12/12
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FOXNEWSW
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business environment in state of michigan, city of detroit is terrible. companies aren't coming in there investing. >> dana: a few years ago governor rick schneider took over, a businessman. he had done get awa get gateways and he didn't have to do anything else but decided to serve the state. to the point was dire. some said the governor, state of michigan would need to take over the city of detroit. you can separate the issues. bail-out idea, bail-out detroit versus what governor rick snyder is doing, fundamental change for michigan to make it more like a state like virginia. 23 other states that are right to work states. if they compete for work they got, and the idea might be better. it could be good for state of michigan, if painful for a few people for a while. >> eric: so many car companies say we like to do business in america. freddie addressing the fiscal cliff in detroit is going to mercury to address global warming. it's hot there. only obama could declare the auto bail-out a success. that is like hurricane sandy is a mess. the only successful
business environment in state of michigan, city of detroit is terrible. companies aren't coming in there investing. >> dana: a few years ago governor rick schneider took over, a businessman. he had done get awa get gateways and he didn't have to do anything else but decided to serve the state. to the point was dire. some said the governor, state of michigan would need to take over the city of detroit. you can separate the issues. bail-out idea, bail-out detroit versus what governor rick...
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Dec 13, 2012
12/12
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CNBC
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yield out of equity-based investments, that's a theme that continues in 2013 given the interest rate environment. it probably won't be to the same degree that we've seen over the last six to eight weeks. >> here's what scares me about the whole yield story is you have companies that have like b-minus cred wit 5.25% coupons, 5.5% coupons, that's crazy. that's absolutely nuts for companies that would normally be carrying somewhere in the 7.5% range or down that far. i think this push towards yield has trouble written all over it. >> bonds are far riskier than equities right now. >> sure. >> gentlemen, thank you all for your thoughts today. see you later. heading towards the close. 50 minutes left in the trading session and the dow down. >> ben bernanke's latest move to stimulate the economy, is it actually hurting things? steve liesman and rick santelli tackle it out next. >> oh, boy. and we'll hear from a top republican lawmaker warning that the real fiscal cliff is a couple years away when the economy could collapse because of runaway spending. congressman paul brown will join us. >> and top pic
yield out of equity-based investments, that's a theme that continues in 2013 given the interest rate environment. it probably won't be to the same degree that we've seen over the last six to eight weeks. >> here's what scares me about the whole yield story is you have companies that have like b-minus cred wit 5.25% coupons, 5.5% coupons, that's crazy. that's absolutely nuts for companies that would normally be carrying somewhere in the 7.5% range or down that far. i think this push...
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Dec 11, 2012
12/12
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KQED
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we exist in a competitive environment both nationally and internationally. it's up to each of the states to put themselves in the very best position to grow jobs and to grow the economy and to allow our michigan businesses to compete to keep, grow and bring in new jobs. this border between indiana and michigan with indiana now being right to work is a great concern to me. i think it's at great concern to those of us in the legislature who say let's give those workers the freedom to choose if they want to participate. no difference than if they choose to go to a particular restaurant or choose a particular plumber or choose to have somebody that is giving them good value and good benefits for the pay that they give that individual or in this case that private organization. >> ifill: i would like either of you to cite for me a specific example, in your case congressman levin, in your case state senator prose where the right to work either depress the economy or help the economy in any other state and would specifically in michigan. starting with you, congressm
we exist in a competitive environment both nationally and internationally. it's up to each of the states to put themselves in the very best position to grow jobs and to grow the economy and to allow our michigan businesses to compete to keep, grow and bring in new jobs. this border between indiana and michigan with indiana now being right to work is a great concern to me. i think it's at great concern to those of us in the legislature who say let's give those workers the freedom to choose if...
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Dec 10, 2012
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challenging environment for priceline even though it says the shares are still attractively values. road map is going to go like this. fiscal cliff face-off coming to an end. the president and the speaker holding a meeting at the white house this weekend. we are live in washington with the latest. what it all could mean for the che. whether or not we go over the cliff could have a major impact on the markets in 2013. barclays coming out with its outlook. we'll talk to their first strategist. weeks away from christmas but today is the busiest day actually i think in corporate history for fedex. millions of deliveries being processed. we'll take you live to a fedex center as millions of dollars, nothing to laugh about. we'll introduce you to the entrepreneur who has managed to make big money making people laugh with his company cheeseburger. that's coming up later this hour. we'll start in washington. president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good m
challenging environment for priceline even though it says the shares are still attractively values. road map is going to go like this. fiscal cliff face-off coming to an end. the president and the speaker holding a meeting at the white house this weekend. we are live in washington with the latest. what it all could mean for the che. whether or not we go over the cliff could have a major impact on the markets in 2013. barclays coming out with its outlook. we'll talk to their first strategist....
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in this revenue environment, that means being much tighter on expenses than citigroup has historically done. cheryl: $476 billion they took during the financial crisis. the government was there to help citigroup and lend them a hand. is this new citigroup going to be a better citigroup? >> i certainly think there will be four more focus on generating the operating leverage in each of the individual businesses in the company has been for quite some time. in our view, citigroup's model for the past decade or so has really focused on growth and specifically within revenue growth. not so much within expense discipline. now you have two gentlemen that are focused making sure the expense dividend is part of the story. cheryl: we are so top-heavy covetous bureaucratic, too many middle managers and players. what do they need to do to deliver on the earnings per share and kind of get the taint off of the name citigroup. >> getting rid of what's referred to as taint is a long, slow process that won't be done in one press release or one day or one earnings announcement. i think the fact that you
in this revenue environment, that means being much tighter on expenses than citigroup has historically done. cheryl: $476 billion they took during the financial crisis. the government was there to help citigroup and lend them a hand. is this new citigroup going to be a better citigroup? >> i certainly think there will be four more focus on generating the operating leverage in each of the individual businesses in the company has been for quite some time. in our view, citigroup's model for...
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Dec 6, 2012
12/12
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CURRENT
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the damage we have done to our environment may be getting worse. carbon dioxide emissions were at a record high in 2011. and when the numbers in 2012 are totaled they're expected to be even worse. the efforts to cush these hammer unfortunately emissions are simply failing. the rhetoric coming out of the white house has been fine. the president obama even mentioned quote the destructive power of a warming planet in his acceptance speech last month but time for talk is over. now the is the time for action. here with me now to tell me if we should start preparing for the earth as we know it. joe rome. thank you for joining us. >> thank you for having me. >> we're very close or even maybe at a tipping point beyond which the capacity to pull back the impact of co2 pouring intoous atmosphere may well nigh impossible. >> no question it's getting--the impacts are getting more noticeable. we're seeing super storms we haven't seen before. hurricane sandy was the most destructive ever reported. it's the combination of the warmer ocean temperatures make the st
the damage we have done to our environment may be getting worse. carbon dioxide emissions were at a record high in 2011. and when the numbers in 2012 are totaled they're expected to be even worse. the efforts to cush these hammer unfortunately emissions are simply failing. the rhetoric coming out of the white house has been fine. the president obama even mentioned quote the destructive power of a warming planet in his acceptance speech last month but time for talk is over. now the is the time...
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Dec 12, 2012
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there were, you know, pro-choice people, social justice people, faith community, environment lists there telling the legislature that right to work is bad for michigan, will hurt our families and hurt our state. >> now, joy, the fight ahead, because i wanted to establish there was incidents, but it was mostly peaceful. and the fight ahead must be peaceful. michigan's gop and the union challenges recalls ballot initiatives. where does the fight ahead lead? >> i think that the unions are obviously squaring for a fight. just real quickly, rev, it is ironic to me that fox news, which is a network that claim that had the tea party was mischaracterized because people showed racist signs that were actually there is trying to refrain this entire fight to fit their old narrative of unions being political thugs. i think what unions are going to have to do now is use the infrastructure that they built for the 2012 election. and, more effectively, deploy that infrastructure in a midterm. that's been one of the failings, really, of democrats, typically. but really with the labor movemeunion movement,
there were, you know, pro-choice people, social justice people, faith community, environment lists there telling the legislature that right to work is bad for michigan, will hurt our families and hurt our state. >> now, joy, the fight ahead, because i wanted to establish there was incidents, but it was mostly peaceful. and the fight ahead must be peaceful. michigan's gop and the union challenges recalls ballot initiatives. where does the fight ahead lead? >> i think that the unions...
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Dec 5, 2012
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. >> mitt romney didn't it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] >> either mitt romney was lying and misrepresenting to his investors but mitt romney is dramatically out of touch with women on the issues and priorities that matter to us. they need to put their big boy and big girl pants on. >> debbie wasserman schulz spread a l
. >> mitt romney didn't it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by...
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Dec 10, 2012
12/12
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FOXNEWS
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. >> i'm harris falkner, this is the fox report. it's the bottom of the hour, time now for the top of the news, negotiations on capitol hill. happening in secret
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to...
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Dec 8, 2012
12/12
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CNNW
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ]...
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Dec 11, 2012
12/12
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CNBC
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it's a really good trading environment if you use that dollar as your headlights. and there's a causal factor between policy and what the dollar does. and you can kind of really key off of that. >> and policy, though, also, when you look over to europe, is another part of why i think stocks have gone higher. so, germany, it went to january of 2008 highs. we're effectively at five-year highs and you've got a place where people expect european policy also to deliver. but germany, which is the export engine, really, to the world, i think, is telling you something. if you look at their exporters, they have been rallying. if you look at evaluations here, they're not terrible if you look at the export market picking up, especially in china. watch this. it's not all about u.s. fiscal cliff. one of the things we've been seeing rallying in this market are u.s. multinational that are exposed to a better environment. >> quick touch on cummins here. you see the headlines. billion dollar buy back just announced by cmi, so, the sock is trading higher, a little bit in the afterho
it's a really good trading environment if you use that dollar as your headlights. and there's a causal factor between policy and what the dollar does. and you can kind of really key off of that. >> and policy, though, also, when you look over to europe, is another part of why i think stocks have gone higher. so, germany, it went to january of 2008 highs. we're effectively at five-year highs and you've got a place where people expect european policy also to deliver. but germany, which is...
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Dec 13, 2012
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, ethnic callie polarizing environment then good luck governing. >> if you had a nightstick in your cup ber bun. >>> coming up, santa claus takes on paul ryan next in the "sideshow." this is "hardball," the place for politics. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil. potato with bacon. we've got a lotta empty cans. [ male announcer ] hear from our chefs on facebook this friday! he's going to apply testosterone to his underarm. axiron, the only un
, ethnic callie polarizing environment then good luck governing. >> if you had a nightstick in your cup ber bun. >>> coming up, santa claus takes on paul ryan next in the "sideshow." this is "hardball," the place for politics. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they...
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Dec 12, 2012
12/12
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they know this, it's to weaken the unions, weaken the leverage the unions have to create a safe work environment, and it's all a lot of millions of dollars they're bringing into our states and it's not creating any jobs. it's to rip down the middle class and take the american dream away. >> the governor has signed this into law but there are still demonstrations that are planned in your state. how long do you think you can hold up the public outcry? >> well, i along with a lot of republican friends and family i have are going to continue this conversation for two more years, until we can take a good look at the ballot system and we're going to use that and we're going to take back the republican party. this isn't the republican party i grew up with. since when is it a good thing to attack the middle class, attack labor and to bring michigan divided like he has? since when is that good and free and fair for everybody? it's not. >> andy potter, vice president of the michigan corrections organization and chair of the republican national advisory committee of seiu, thank you. i appreciate it. >>> i
they know this, it's to weaken the unions, weaken the leverage the unions have to create a safe work environment, and it's all a lot of millions of dollars they're bringing into our states and it's not creating any jobs. it's to rip down the middle class and take the american dream away. >> the governor has signed this into law but there are still demonstrations that are planned in your state. how long do you think you can hold up the public outcry? >> well, i along with a lot of...